NCS Multistage (NCSM) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of NCS Multistage (NASDAQ:NCSM) from a sell rating to a hold rating in a research note released on Wednesday morning.

Several other research analysts have also issued reports on the company. Wells Fargo & Co lowered NCS Multistage from an outperform rating to a market perform rating and set a $15.00 price objective for the company. in a research note on Monday, October 15th. Royal Bank of Canada reiterated a buy rating and set a $19.00 price objective on shares of NCS Multistage in a research note on Thursday, August 9th. Zacks Investment Research cut shares of NCS Multistage from a hold rating to a sell rating in a research report on Friday, October 19th. Finally, TheStreet cut shares of NCS Multistage from a c- rating to a d+ rating in a research report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. NCS Multistage has an average rating of Hold and an average price target of $18.00.

Shares of NCSM traded down $1.10 during mid-day trading on Wednesday, reaching $7.00. The company had a trading volume of 940,805 shares, compared to its average volume of 254,375. NCS Multistage has a twelve month low of $7.53 and a twelve month high of $22.06. The company has a current ratio of 3.74, a quick ratio of 2.73 and a debt-to-equity ratio of 0.06. The stock has a market cap of $559.12 million, a PE ratio of 35.00 and a beta of 2.14.

NCS Multistage (NASDAQ:NCSM) last issued its earnings results on Tuesday, November 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.07). NCS Multistage had a return on equity of 3.13% and a net margin of 4.36%. The company had revenue of $62.69 million during the quarter, compared to analyst estimates of $77.71 million. On average, sell-side analysts forecast that NCS Multistage will post 0.46 EPS for the current fiscal year.

In related news, CAO Wade Bitter sold 12,750 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $16.27, for a total transaction of $207,442.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 13,650 shares of company stock valued at $222,083. Company insiders own 11.70% of the company’s stock.

Large investors have recently made changes to their positions in the company. Viking Fund Management LLC acquired a new stake in NCS Multistage in the 3rd quarter valued at about $165,000. JPMorgan Chase & Co. increased its position in NCS Multistage by 54.5% in the 1st quarter. JPMorgan Chase & Co. now owns 12,257 shares of the company’s stock valued at $184,000 after acquiring an additional 4,322 shares in the last quarter. Millennium Management LLC acquired a new stake in NCS Multistage in the 1st quarter valued at about $257,000. Energy Opportunities Capital Management LLC acquired a new stake in NCS Multistage in the 2nd quarter valued at about $259,000. Finally, Gagnon Securities LLC increased its position in NCS Multistage by 40.2% in the 2nd quarter. Gagnon Securities LLC now owns 36,026 shares of the company’s stock valued at $523,000 after acquiring an additional 10,328 shares in the last quarter. Institutional investors own 95.87% of the company’s stock.

About NCS Multistage

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States and internationally. The company's products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, ballshift sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.

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Analyst Recommendations for NCS Multistage (NASDAQ:NCSM)

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